World-News

http://www.lewrockwell.com/rozeff/rozeff209.html

Terminate Fannie Mae and Freddie Mac
http://www.lewrockwell.com/rozeff/rozeff208.html

Notes on the Fannie Mae/Freddie Mac Bailout
http://www.lewrockwell.com/higgs/higgs83.html

Fannie, Freddie, and a Primer in Finance
http://www.lewrockwell.com/anderson/anderson220.html

Fannie, Freddie, and Foreboding
http://list.lewrockwell.com/t/1034264/12759198/52161/0/?u=aHR0cDovL21pc2VzLm9yZy9zdG9yeS8zMDUz&x=3b24dcae

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Fannie-Freddie bailout may fundamentally alter structure of world economy
http://www.ufppc.org/content/view/7725/35/

[One of the possible consequences of the U.S. government's bailout of Fannie Mae and Freddie Mac ( http://www.ufppc.org/content/view/7721/ ) is that "the entire foundation of the American -- and dare we say global -- economy could soon be managed out of a single post office box" -- the Federal Reserve, the private intelligence firm Stratfor ( http://en.wikipedia.org/wiki/Stratfor ) argued in an analysis of the current financial crisis.[1] -- Thanks to Aaron Dennis for sending this piece. --Mark]


Informant: jensenmk

From ufpj-news

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Fannie and Freddie symptoms of larger problem

AFL-CIO economist says this system amounts to "Socialism for the rich and capitalism for the poor".

http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=1879

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Fannie and Freddie: Let the patient pass away
http://groups.google.de/group/freepage-news/t/55802784059e5d36?hl=en

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Fannie, Freddie Spent $200 Million Lobbying

dyn.politico.com — Over the past decade, Freddie Mac and Fannie Mae have spent nearly $200 million on lobbying and campaign contributions. The two government-chartered companies run a highly sophisticated lobbying operation, with deep-pocketed lobbyists in Washington and scores of local Fannie- and Freddie-sponsored homeowner groups ready to pressure lawmakers back home. Fannie and Freddie's aggressive political maneuvering has helped stave off increased regulation and preserve special benefits such as exemption from state and local income taxes and the ability to borrow at low rates. When their stock prices took a dive last week, their government allies extended another helping hand with a plan for the Treasury Department, the Federal Reserve and, possibly, Congress to shore up the companies.

http://ga3.org/ct/jp20pgF1hEgA/

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Freddie and Fannie Hit Snooze on American Dream
http://www.commondreams.org/archive/2008/07/16/10390/

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Eulogy For The "Ownership Society"

By Mike Whitney

The fact remains that the two biggest mortgage-lenders in the world are busted and last week's stock sell-off was tantamount to a run on the country's largest bank. Paulson's statement was really nothing more than a eulogy for the mortgage industry; a few heartfelt words over the rigid corpse of a close friend.

http://www.informationclearinghouse.info/article20305.htm

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Fannie’s lesson: The real scandals are legal

Huffington Post
by Dick Meyer

07/17/08

I know the prospect of reading a column about Fannie Mae, the mortgage crisis and government bailouts is as appealing as a bowl of cough syrup. So let’s consider the latest news about the giant company something young parents today call a ‘teaching moment.’ The lesson is about this old and ignored government truism: The worst scandals are the ones that are perfectly legal...

http://tinyurl.com/5whny4



Bailout bingo

Hawaii Reporter
by Taxpayers for Common Sense

07/18/08

As the economy continues to sour and the housing market sputters, lawmakers stand ready to unleash their response: a financial bailout. After losing more than 50% of their stock value in a week, Fannie Mae and Freddie Mac are the latest suitors and Congress has promised to get this package done in time for August. But considering this deal could put taxpayers on the hook for tens of billions of dollars in losses, if not more, it is critical to attach some strong strings to this hastily arranged bailout...

http://tinyurl.com/6xj9gw


Informant: Thomas L. Knapp

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Fannie and Freddie

Le Devoir's Serge Truffaut denounces the shenanigans that led to the Fannie and Freddie bailouts - and the regulatory regime that makes them possible.

http://www.truthout.org/article/fannie-and-freddie



Cost of Loan Bailout, if Needed, Could Be $25 Billion

David M. Herszenhorn, reporting for The New York Times, writes: "The proposed government rescue of the nation's two mortgage finance giants will appear on the federal budget as a $25 billion cost to taxpayers, the independent Congressional Budget Office said on Tuesday even though officials conceded that there was no way of really knowing what, if anything, a bailout would cost."

http://www.truthout.org/article/cost-loan-bailout-if-needed-could-be-25-billion



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